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Alcatel-Lucent buys NetDevices
By agencies
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Wednesday, 16 May 2007, 19:30 IST
Bangalore: Alcatel-Lucent has acquired the Bangalore-based privately held NetDevices for an undisclosed sum. NetDevices is a developer of services gateway products for enterprise branch networks, NetDevices delivers enterprise networking platform known as a Unified Service Gateway that is designed to reduce the cost and complexity of managing branch office networks.
Founded in 2003, NetDevices has 45 employees located in Sunnyvale, which is its headquarters and Bangalore, India.
"A fresh approach based on the innovative enterprise platform from NetDevices combined with our core strengths of voice and switching helps to deliver the best in class enterprise networks," says Hubert de Pesquidoux, President of Alcatel-Lucent's enterprise activities.
Seenu Banda, Founder and CEO of NetDevices, says "Alcatel-Lucent provides an ideal partnership with its global sales, service, and the development capabilities. With this agreement, NetDevices joins Alcatel-Lucent to complement its solutions, and to pursue our goal of delivering innovative products to a large set of customers worldwide."
When the deal is completed, the NetDevices team and products will be integrated into Alcatel-Lucent's Enterprise Business Group, reporting to Tom Burns, President of Alcatel-Lucent's Enterprise Solutions activities.